Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

تمرين 52

Rene Boyer, age 27, wants to purchase a 5-year term insurance policy with a face value of $25,000. As her insurance agent, answer the following questions:
a. What is the annual premium for this policy
b. What is the monthly premium
c. How much more will Rene pay per year if she chooses monthly payments